On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...
Tax Day is April 15, and it’s still not too late to gather the documents you need to file your taxes. This includes Form 1040 from the IRS. Read on to learn more about this form and why it’s important ...
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The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, ...
The 1040 tax form is the one most people use for filing taxes. It’s not the easiest to understand, though. Form 1040 received an overhaul and revamp in 2018 designed to make it shorter and less ...
In the first post in this three-part Under the Hood series, we explored the financial planning opportunities arising from a client’s gross income as listed on IRS Form 1040, lines 7-21. In this ...
As April 15 nears, millions of taxpayers this year will have to navigate the IRS' new Form 1040. It's the result of a campaign promise by then-presidential candidate Donald Trump to simplify tax rules ...
Taxpayers will be in for a surprise when they file their 2018 federal income tax returns next year as the Internal Revenue Service recently announced plans to streamline the Form 1040 into a shorter, ...